2008 Annual Report - World Monuments Fund

World Monuments Fund WMF Contractual
Year ended June 30 Partners (1)
Operating Support and Revenue 2008 2007 2008
Contributions 22,768,246 18,211,425 9,512,212
Other revenue:
Special events, net 534,306 411,201
Program fees 11,751 42,749
Investment income 1,586,255 1,410,729
Total other revenue 2,132,312 1,864,679
Total support and revenue 24,900,558 20,076,104 9,512,212
Expenses
Program services:
Actively Managed Field Projects 4,640,331 4,645,510
Affiliate Managed Field Projects 2,609,539 4,090,836
Partnership Projects 1,864,851 2,320,934
Grant Projects 1,419,121 1,901,538
Educational Programs 1,857,212 2,447,816
Total program services 12,391,054 15,406,634
Supporting services:
Fundraising 1,264,786 1,172,889
General and administrative 1,379,062 1,488,775
Total supporting services 2,643,848 2,661,664
Total expenses 15,034,902 18,068,298
Change in net assets from operations (2) 9,865,656 2,007,806
Non-operating support and revenue:
Endowment contributions 500,755 42,657
Investment income, net of allocation to operations (5,995,442) 2,970,910
Total change in net assets 4,370,969 5,021,373
Net assets, beginning of year 56,956,703 51,935,330
Net assets, end of year 61,327,672 56,956,703
(1) WMF contractual partners are bound by written agreements to match WMF project funds;
this report includes these required matching funds.
(2) The surplus in net assets from operations is due to receipt of field project gifts and pledges
in this fiscal year that will be expended in future fiscal years.
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